Thining about: Money, again

Economists and governments like to make money seem complicated, so that they can pretend that Duh Voters can’t possibly understand what it’s all about. But money is really nothing more than a social convention, a store of wealth accepted by a group, as discussed here.

Cigarettes in POW camps, the “mack” in prisons today, feathers, shells, pretty pebbles – as long as the parties exchanging agree on the value, that’s all there is to it. It really isn’t anything more than a convenient form of barter, as anyone who’s tried to fold a Holstein to fit into a wallet can testify to. And like any other good, if there’s more of it than there is demand, people asked to trade for it will require more to make the exchange – see further examples at “inflation.”

Disclaimer

My blog posts and comments are nothing more than the ramblings of just another guy, ya know? They are only personal opinions, observations, and discussion - I specifically do NOT give legal advice to the public, in general, in public and NOTHING said herein should be construed as legal advice to you. Consult your own darned attorney before doing anything that could result in criminal or civil liability to you. Or consult him in general just before breakfast - he'll have less work then and will be thankful for the extra billables.

*if I am, then you already know how to get ahold of me, and it's not in a public forum.